Latest news with #SolweziProject
Associated Press
21-05-2025
- Business
- Associated Press
Midnight Sun Announces Exploration Progress at Solwezi
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') presents a progress update regarding the previously announced 2025 phase one exploration campaign. Work is underway on all three key targets and is expected to continue across several phases throughout the work season to rapidly advance the Company's Solwezi Project in Zambia. Update summaries provided for each target, with detailed description provided below: Dumbwa: Dipole-Dipole Induced Polarization ('IP') Survey is ~30% complete. Kazhiba: Diamond drill contractor engaged, drill pads currently being cleared and prepared. Drilling at the Kazhiba Target 2 sulphide target is expected to begin May 26 th. Mitu: Partial Ionic Leach Survey is ~46% complete. Midnight Sun's President & CEO, Al Fabbro, states: 'We recently announced the commencement of our exploration program, designed and led by our Chief Operating Officer, Dr. Kevin Bonel. This campaign aims to advance all three of our key target areas from conceptual or early-stage discovery to well-defined assets worthy of significant development investment—within just a few months. 'We believe these targets have the potential to evolve into world-class copper discoveries. Dr. Bonel's approach is disciplined, methodical, and proven — the same strategy he successfully applied at Barrick's Lumwana Mine, transforming it from a Tier 2 asset into Zambia's latest Tier 1 copper project i. 'This marks the first time our targets are being explored with such a rigorous and comprehensive methodology. We are confident in the potential of our assets, and with this program underway we are firmly positioned to demonstrate our commitment to unlocking significant value and delivering transformative discoveries.' Dumbwa Program Progress Following comprehensive geological mapping and site preparation over the 20-kilometre strike length of the Dumbwa copper-in-soil anomaly, 24 of the 34 planned geophysical lines have been cleared, mapped, and prepared for surveying. Dipole-dipole IP has been completed on ten lines. This survey is designed to generate a detailed subsurface profile, including dip direction, depth of the targeted geology, and the relationship between surface geochemical anomalies and potential sulphide copper mineralization at depth. The data generated from the IP survey will guide highly targeted drilling with the program expected to commence shortly after IP results are received. Kazhiba Program Progress Site access and drill pad preparation are completed at Kazhiba in advance of the sulphide drill program. Baba Drilling and Exploration Co. has been contracted to carry out diamond drilling on the 'Kazhiba Target 2" sulphide copper target. Drilling is expected to start on or around May 26 th. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target is characterized by a significantly elevated copper signature in Partial Ionic Leach testing, a strong VTEM geophysical anomaly, and high chargeability/low resistivity responses from IP geophysics. The target also coincides with a subtle traditional geochemical response, and is situated in geology consistent with most deposits within the Zambian Copperbelt. The Company believes that the correlation of key characteristics may represent the potential sulphide source of the transported oxide material discovered on the Kazhiba License and is a strong target for the discovery of a copper mineralised stratigraphic unit. The Company's planned reverse circulation ('RC') drill program on the Kazhiba oxide copper targets is scheduled to begin following the completion of the current Partial Ionic Leach sampling program at Mitu The oxide drill plan includes approximately 4,000 metres of shallow RC drilling on near-surface oxide copper targets. This includes 20-25 holes targeting the north-northeast extension of the previously delineated high-grade transported oxide copper blanket, as well as approximately 125 holes testing the three new targets identified by previously completed Partial Ionic Leach sampling. Mitu Program Progress At Mitu, an extensive Partial Ionic Leach sampling program is underway to test the entire Mitu Trend along the western flank of the Solwezi Dome. The Company plans to collect approximately 1,800 samples at Mitu for Partial Ionic Leach analysis. The sampling program is progressing quickly, with ~46% of the sampling completed to-date. Sampling is expected to conclude in two weeks' time. The results of this program will drive a follow up IP survey to identify potential mineralized zones and prioritize targets for drilling. Previous work in the Mitu area identified a stratigraphic sulphide unit with drill results including 11.6 metres of 3.44% copper and 11.5 metres of 1.41% copper. Follow up targeting of this sulphide mineralization is planned using phased methodology of Partial Ionic Leach soil sampling, followed by dipole-dipole IP survey, and diamond drilling. Given that Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, and given the positive results generated using Partial Ionic Leach sampling at Kazhiba, this technology is expected to more effectively identify and track further copper targets along the Mitu trend for the follow up described above. Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information, Contact: Adrian O'Brien Director of Marketing and Communications Tel: +1 604 809 6890 Em: [email protected] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward-looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. i Barrick Gold Corp. News. May, 7, 2025. Barrick Reports Solid Q1 Results and Progress on Strategic Growth Objectives. Available To view the source version of this press release, please visit
Yahoo
21-05-2025
- Business
- Yahoo
Midnight Sun Announces Exploration Progress at Solwezi
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") presents a progress update regarding the previously announced 2025 phase one exploration campaign. Work is underway on all three key targets and is expected to continue across several phases throughout the work season to rapidly advance the Company's Solwezi Project in Zambia. Update summaries provided for each target, with detailed description provided below: Dumbwa: Dipole-Dipole Induced Polarization ("IP") Survey is ~30% complete. Kazhiba: Diamond drill contractor engaged, drill pads currently being cleared and prepared. Drilling at the Kazhiba Target 2 sulphide target is expected to begin May 26th. Mitu: Partial Ionic Leach Survey is ~46% complete. Midnight Sun's President & CEO, Al Fabbro, states: "We recently announced the commencement of our exploration program, designed and led by our Chief Operating Officer, Dr. Kevin Bonel. This campaign aims to advance all three of our key target areas from conceptual or early-stage discovery to well-defined assets worthy of significant development investment—within just a few months. "We believe these targets have the potential to evolve into world-class copper discoveries. Dr. Bonel's approach is disciplined, methodical, and proven — the same strategy he successfully applied at Barrick's Lumwana Mine, transforming it from a Tier 2 asset into Zambia's latest Tier 1 copper projecti. "This marks the first time our targets are being explored with such a rigorous and comprehensive methodology. We are confident in the potential of our assets, and with this program underway we are firmly positioned to demonstrate our commitment to unlocking significant value and delivering transformative discoveries." Dumbwa Program Progress Following comprehensive geological mapping and site preparation over the 20-kilometre strike length of the Dumbwa copper-in-soil anomaly, 24 of the 34 planned geophysical lines have been cleared, mapped, and prepared for surveying. Dipole-dipole IP has been completed on ten lines. This survey is designed to generate a detailed subsurface profile, including dip direction, depth of the targeted geology, and the relationship between surface geochemical anomalies and potential sulphide copper mineralization at depth. The data generated from the IP survey will guide highly targeted drilling with the program expected to commence shortly after IP results are received. Kazhiba Program Progress Site access and drill pad preparation are completed at Kazhiba in advance of the sulphide drill program. Baba Drilling and Exploration Co. has been contracted to carry out diamond drilling on the "Kazhiba Target 2" sulphide copper target. Drilling is expected to start on or around May 26th. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target is characterized by a significantly elevated copper signature in Partial Ionic Leach testing, a strong VTEM geophysical anomaly, and high chargeability/low resistivity responses from IP geophysics. The target also coincides with a subtle traditional geochemical response, and is situated in geology consistent with most deposits within the Zambian Copperbelt. The Company believes that the correlation of key characteristics may represent the potential sulphide source of the transported oxide material discovered on the Kazhiba License and is a strong target for the discovery of a copper mineralised stratigraphic unit. The Company's planned reverse circulation ("RC") drill program on the Kazhiba oxide copper targets is scheduled to begin following the completion of the current Partial Ionic Leach sampling program at Mitu The oxide drill plan includes approximately 4,000 metres of shallow RC drilling on near-surface oxide copper targets. This includes 20-25 holes targeting the north-northeast extension of the previously delineated high-grade transported oxide copper blanket, as well as approximately 125 holes testing the three new targets identified by previously completed Partial Ionic Leach sampling. Mitu Program Progress At Mitu, an extensive Partial Ionic Leach sampling program is underway to test the entire Mitu Trend along the western flank of the Solwezi Dome. The Company plans to collect approximately 1,800 samples at Mitu for Partial Ionic Leach analysis. The sampling program is progressing quickly, with ~46% of the sampling completed to-date. Sampling is expected to conclude in two weeks' time. The results of this program will drive a follow up IP survey to identify potential mineralized zones and prioritize targets for drilling. Previous work in the Mitu area identified a stratigraphic sulphide unit with drill results including 11.6 metres of 3.44% copper and 11.5 metres of 1.41% copper. Follow up targeting of this sulphide mineralization is planned using phased methodology of Partial Ionic Leach soil sampling, followed by dipole-dipole IP survey, and diamond drilling. Given that Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, and given the positive results generated using Partial Ionic Leach sampling at Kazhiba, this technology is expected to more effectively identify and track further copper targets along the Mitu trend for the follow up described above. Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al FabbroPresident & CEO For Further Information, Contact:Adrian O'BrienDirector of Marketing and CommunicationsTel: +1 604 809 6890Em: adrian@ NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward-looking statements." Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. i Barrick Gold Corp. News. May, 7, 2025. Barrick Reports Solid Q1 Results and Progress on Strategic Growth Objectives. Available To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
02-04-2025
- Business
- Globe and Mail
Midnight Sun Initiates Exploration Across Solwezi Project
Exploration Campaigns on Dumbwa, Kazhiba, and Mitu Targets Underway - To Include Drilling, Partial Ionic Leach Sampling and IP Survey Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to announce that the 2025 phase one exploration campaign is now underway on the Company's Solwezi Project in Zambia. This phase of exploration has been designed to significantly advance all three of Midnight Sun's key target areas; Dumbwa, Kazhiba and Mitu. The exploration work will address sulphide copper targets at Dumbwa, and both oxide and sulphide copper targets at Kazhiba and Mitu, following up on known mineralization as well as brand-new targets generated in the 2024 exploration campaign at Kazhiba. Midnight Sun's President & CEO, Al Fabbro, states: "We have launched an aggressive exploration program, intended to rapidly advance all three of our key targets. While our approach to exploration is measured, methodical and concise, it is also cost effective, and we believe this phase of work can deliver maximum impact on those key targets and driving highly targeted follow-up drill programs at Dumbwa and Mitu. We are setting the stage for success at Dumbwa, with Kevin Bonel utilizing the same logical steps employed by his previous team at Lumwana, where they moved that analogous asset from tier-two to tier-one status in just 24 months, giving Barrick a world-class 1.62 billion tonne, 0.52% copper deposit i. At Kazhiba, we are drilling to advance the scale of known oxide copper mineralization, and testing a large, brand-new target for sulphide copper mineralization. At Mitu, we are utilizing Partial Ionic Leach sampling to cover the entire mineralized trend, directing drilling later this year. This is an incredibly exciting time at the Solwezi Project, as we seek to transform ideas into discoveries, and pushing Midnight Sun to the next level." *Graphics detailing the Dumbwa IP Survey, Kazhiba Oxide and Sulphide Copper Drill Plan, and Mitu Partial Ionic Leach Sampling Program are provided below. Dumbwa Program Details: An extensive dipole-dipole induced polarization ("IP") geophysical survey will be utilized to test the 20-kilometre strike extent of the Dumbwa copper-in-soil anomaly, to guide targeted drilling. This drilling will be scheduled to begin following the completion of the IP survey and interpretation of results. The survey is expected to produce an effective picture of the dip direction, depth of targeted geology, and correlation of the geochemical anomaly at surface with sulphide copper mineralization at depth. The survey will have a line spacing of 500 metres with variable lengths from one to two-and-a-half kilometres, for a total of 56 line-kilometres. Kazhiba Program Details: The results of the recently completed 2024 exploration program at Kazhiba confirmed high-grade oxide copper mineralization in drill intercepts, identified mineralized extensions to the initial oxide copper zone, and highlighted significant new sulphide and oxide copper targets (see news releases dated January 29 th, 2025, and February 27, 2025). The 2025 phase one exploration campaign will follow up on the 2024 program, with continued drilling on extensions of the high-grade transported oxide copper blanket and addressing the new geochemical and geophysical targets with a combination of drilling and additional IP lines. Approximately 4,000 metres of reverse circulation drilling across 125 holes is planned to both follow up on potential extensions of oxide mineralization indicated by the 2024 drill campaign as well as test the three new oxide copper targets identified by Partial Ionic Leach sampling. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target has demonstrated a significantly elevated copper signature in Partial Ionic Leach testing, coupled with high chargeability / low resistivity responses from IP geophysics, coinciding with a subtle traditional geochemical response, and situated in geology consistent with most deposits within the Zambian Copperbelt. This correlation of key characteristics has led the Company to theorize that this is a very strong target for the discovery of a copper mineralised stratigraphic unit and the potential sulphide source of the transported oxide material discovered on the Kazhiba License. Mitu Program Details: At Mitu, an extensive Partial Ionic Leach sampling program will be launched to test the entire Mitu Trend along the western flank of the Solwezi Dome. Given the positive results generated using Partial Ionic Leach sampling at Kazhiba, the Company plans to collect approximately 1,800 samples for Partial Ionic Leach analysis along the entire Mitu target trend. Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, so Partial Ionic Leach is expected to more effectively identify and track further copper targets. Oxide and sulphide copper mineralization has previously been identified at Mitu, and the Partial Ionic Leach sampling program will cover all highly prospective geology, the results of which will drive a follow up IP survey to finalize drill targets on each of the identified mineralized zones for follow up drilling later in the year. To view an enhanced version of this graphic, please visit: To view an enhanced version of this graphic, please visit: Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be "forward looking statements." Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled", "believed" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
Associated Press
02-04-2025
- Business
- Associated Press
Midnight Sun Initiates Exploration Across Solwezi Project
Exploration Campaigns on Dumbwa, Kazhiba, and Mitu Targets Underway - To Include Drilling, Partial Ionic Leach Sampling and IP Survey Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') is pleased to announce that the 2025 phase one exploration campaign is now underway on the Company's Solwezi Project in Zambia. This phase of exploration has been designed to significantly advance all three of Midnight Sun's key target areas; Dumbwa, Kazhiba and Mitu. The exploration work will address sulphide copper targets at Dumbwa, and both oxide and sulphide copper targets at Kazhiba and Mitu, following up on known mineralization as well as brand-new targets generated in the 2024 exploration campaign at Kazhiba. Midnight Sun's President & CEO, Al Fabbro, states: 'We have launched an aggressive exploration program, intended to rapidly advance all three of our key targets. While our approach to exploration is measured, methodical and concise, it is also cost effective, and we believe this phase of work can deliver maximum impact on those key targets and driving highly targeted follow-up drill programs at Dumbwa and Mitu. We are setting the stage for success at Dumbwa, with Kevin Bonel utilizing the same logical steps employed by his previous team at Lumwana, where they moved that analogous asset from tier-two to tier-one status in just 24 months, giving Barrick a world-class 1.62 billion tonne, 0.52% copper deposit i. At Kazhiba, we are drilling to advance the scale of known oxide copper mineralization, and testing a large, brand-new target for sulphide copper mineralization. At Mitu, we are utilizing Partial Ionic Leach sampling to cover the entire mineralized trend, directing drilling later this year. This is an incredibly exciting time at the Solwezi Project, as we seek to transform ideas into discoveries, and pushing Midnight Sun to the next level.' *Graphics detailing the Dumbwa IP Survey, Kazhiba Oxide and Sulphide Copper Drill Plan, and Mitu Partial Ionic Leach Sampling Program are provided below. Dumbwa Program Details: An extensive dipole-dipole induced polarization ('IP') geophysical survey will be utilized to test the 20-kilometre strike extent of the Dumbwa copper-in-soil anomaly, to guide targeted drilling. This drilling will be scheduled to begin following the completion of the IP survey and interpretation of results. The survey is expected to produce an effective picture of the dip direction, depth of targeted geology, and correlation of the geochemical anomaly at surface with sulphide copper mineralization at depth. The survey will have a line spacing of 500 metres with variable lengths from one to two-and-a-half kilometres, for a total of 56 line-kilometres. Kazhiba Program Details: The results of the recently completed 2024 exploration program at Kazhiba confirmed high-grade oxide copper mineralization in drill intercepts, identified mineralized extensions to the initial oxide copper zone, and highlighted significant new sulphide and oxide copper targets ( see news releases dated January 29 th, 2025, and February 27, 2025). The 2025 phase one exploration campaign will follow up on the 2024 program, with continued drilling on extensions of the high-grade transported oxide copper blanket and addressing the new geochemical and geophysical targets with a combination of drilling and additional IP lines. Approximately 4,000 metres of reverse circulation drilling across 125 holes is planned to both follow up on potential extensions of oxide mineralization indicated by the 2024 drill campaign as well as test the three new oxide copper targets identified by Partial Ionic Leach sampling. Six to eight diamond drill holes totalling approximately 1,000 metres are planned on the recently identified ~four-kilometre by two-kilometre Kazhiba sulphide copper target. This target has demonstrated a significantly elevated copper signature in Partial Ionic Leach testing, coupled with high chargeability / low resistivity responses from IP geophysics, coinciding with a subtle traditional geochemical response, and situated in geology consistent with most deposits within the Zambian Copperbelt. This correlation of key characteristics has led the Company to theorize that this is a very strong target for the discovery of a copper mineralised stratigraphic unit and the potential sulphide source of the transported oxide material discovered on the Kazhiba License. Mitu Program Details: At Mitu, an extensive Partial Ionic Leach sampling program will be launched to test the entire Mitu Trend along the western flank of the Solwezi Dome. Given the positive results generated using Partial Ionic Leach sampling at Kazhiba, the Company plans to collect approximately 1,800 samples for Partial Ionic Leach analysis along the entire Mitu target trend. Mitu has similar regolith to Kazhiba, which is generally unresponsive to traditional geochemical analysis, so Partial Ionic Leach is expected to more effectively identify and track further copper targets. Oxide and sulphide copper mineralization has previously been identified at Mitu, and the Partial Ionic Leach sampling program will cover all highly prospective geology, the results of which will drive a follow up IP survey to finalize drill targets on each of the identified mineralized zones for follow up drilling later in the year. To view an enhanced version of this graphic, please visit: Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information Contact: Adrian O'Brien Director of Marketing and Communications NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
Associated Press
18-02-2025
- Business
- Associated Press
Midnight Sun to Retain 100% Interest in Dumbwa Target
Midnight Sun Unveils Dumbwa Exploration Plans for 2025 led by Dr. Kevin Bonel Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') announces that the previously announced Dumbwa earn-in agreement with KoBold Metals Company ('KoBold') ( see news release dated February 20 th, 2024) has been terminated. Midnight Sun retains 100% ownership of its flagship Dumbwa Target, one of four key targets on the Company's Solwezi Project in Zambia. Since announcement of the earn-in, no field work was carried out by KoBold on Dumbwa. Midnight Sun is preparing to launch a 2025 Dumbwa exploration program under the direction of Midnight Sun's COO, Dr. Kevin Bonel. Midnight Sun's President & CEO, Al Fabbro, stated: 'Midnight Sun has remained one of the longest standing explorers in the heart of the prolific Domes Region of Zambia. For 13 years, we have explored our vast land package, making significant discoveries of both high-grade oxide copper near surface, and high-grade sulfide copper mineralization at depth. We have never lost sight of the unique position we are in, to explore multiple top-tier copper targets in arguably the top location in the world for copper discovery. The Domes Region of Zambia is undeniably special, as evidenced by the world-class mining companies and the mines they operate surrounding us. 'Dumbwa is a huge, high-grade exploration target, featuring a 20 kilometre long copper-in-soil anomaly that represents an incredible opportunity for Midnight Sun to make a transformative copper discovery. Dumbwa has long been seen as an analog to Barrick's billion tonne Lumwana Mine, located just west of us, which features almost identical geology. Lumwana has just undergone a major transition, leading to Barrick's announcement of a new feasibility study for a super-pit expansion at the mine which would lead to doubling the mine's annual copper production. 1 'Dr. Bonel, the geologist responsible for leading the exploration team that transformed Lumwana into a tier-one asset, joined our team this past year. We now have his expertise driving Midnight Sun's exploration at Dumbwa. Beyond Lumwana, Kevin has a career's worth of experience in the belt, and several major discoveries to his credit. We have already seen his effectiveness, having recently led the successful drilling campaign completed on our Kazhiba Target, confirming very high-grade oxide copper mineralization, identifying extensions and additional targets, and firmly establishing proof of concept for our oxide copper plans with First Quantum. 'With Kevin at the helm of our geological team, we have the proven technical capability and depth in-house to drive Dumbwa and our entire Solwezi Project forward. We now control the exploration and ownership of these properties, and we look forward with positivity, excitement, and total confidence in our team and assets. It is time to launch our exploration plans for Dumbwa and unlock the true value of this outstanding target.' Midnight Sun's COO, Dr. Kevin Bonel, stated: 'The Dumbwa target is a near surface, low strip, huge scale exploration opportunity with very similar geology and mineralisation to Lumwana. I could not be more delighted to see Midnight Sun regain 100% control over the asset and to have the opportunity to personally steer the team toward a new and major discovery on the project. This is as good as a target gets in the Zambian Copper Belt. Over my decades of experience in the belt, ideal targets that have turned into mines featured key characteristics such as a strong geological team in place, a large coherent soil anomaly that is consistent with the 'right geology', bedrock exposure close to or at surface, and biological anomalies such as copper clearings. Dumbwa has all these criteria in abundance. 'What initially struck me about the Dumbwa Target was the remarkable similarity to Lumwana. They are both north-south trending, 15 degrees east-dipping schist-hosted mineralised zones and both have multiple, stacked, mineralized horizons. Previous drilling has demonstrated that the copper-in-soil anomaly at Dumbwa is directly tied to bedrock schist-hosted copper sulfide mineralisation. But, by comparison, the geochemical anomaly at Dumbwa tends to have a higher copper tenor at surface and is laterally more extensive than found at Lumwana. 'The geological team is excited to get the 2025 exploration program underway which will start with an extensive IP campaign to determine the precise location and orientation of the mineralised Dumbwa units. This will be immediately followed by carefully targeted drilling to determine the full lateral extent of the copper mineralized system at Dumbwa which underlays the strong, coherent, copper soil anomaly that remains largely untested along its strike length. 'Beyond the excitement of Dumbwa, we have something incredibly special coming together at Kazhiba, with our recent high-grade drill results and the new oxide and sulfide targets we have developed. We also have top notch oxide and sulfide targets at Mitu, which we are about to explore. 'Having just one of these targets is enough to center a company around, but to have the optionality and potential upside of all three under one roof is utterly unique. Throughout my career I have been fortunate enough to lead several significant discoveries, including those which have helped transform Barrick's Lumwana Mine. I have complete confidence that we could repeat that success on multiple fronts across Midnight Sun's Solwezi Project and cannot wait to attack the outstanding opportunity at Dumbwa.' 2025 Exploration Plans for Dumbwa Although the soil anomaly over Dumbwa is well defined, and in places has extremely high copper tenors the soil anomaly has never been tied precisely to the mineralised units beneath the anomaly. To resolve this, the Company is planning a detailed geological mapping campaign coupled with a wide-spaced induced polarization 'IP' survey along the 20 kilometre long Dumbwa target. The results from this survey should locate the sub-surface extent of the mineralised units and provide valuable information on the deeper trend and dip. The results of the geological mapping and IP survey will be used to guide follow up drilling to intercept the mineralised units, build the geological and mineralisation models, and begin to form and demonstrate the potential of Dumbwa as a large tonnage, near surface, copper deposit. The ground mapping and IP survey are anticipated to commence in Q2 of 2025 with drilling to closely follow the conclusion of the surveys. Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information Contact: Adrian O'Brien Director of Marketing and Communications NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
